The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1887-10-30

1S84-S82, 592; 1885-S99 ,045; l886-$90,-
Sc; 1687-$120,0O0.
The movements and prices OF the
cereal crops ara at the present time full
of interest both to the producer and
consumer. The summary for the week
given below was obtained from Mr.. f..
G. Rich, of the Peoples Forwarding
Company, and may be taken as au-
thentic:
WHEAT-Home market good; firm /;
So cents per bushel; outlying settle
ments north, south and east, are ship
ping to Colorado on good demand.
OArs-Good home demand, but very
little going out; 20 per hludred.
BARLEY-At present there is no mar
ket, save for home consumption, but
this demand is fair.
PorAToEs-OWin to the great de-
mand for Utah tubers, and notwith-
standing the fact that the crop is at
least so per cent. heavier than, last
year, prices remain firm at SO cents per
bushel sacked; in some cases 50 cents
has been paid for loose. Many OF our
smaller dealers have been shipping to
easter markets ons commission some
what faster than the demand warrants,
and prices are liable to be cut in conse-
offence. Several dealers have sent rep
resentatiVes east to look al .er their in
terests, fearful that the croWding re-
ferred to will cause q downward break
in prices.
HAY.-Good upland baled is selling at
$I2 a SIC per ton, with good home de-
mand, but no outside market. Wild,
baled, is quoted at $40 q S11 per ton,
with light demand. Lucerne, baled,
good home demand, selling in this
the market at 50.
BRAN.-Home demand good, selling
So. q 90c. per hundred the supply,
however, is limited, and this is doubt
less due, in a great measure, to the
manufacture of whole wheat -four.
SHoRTs.-Good home demand, 95c. a
81 per hundred.
CoRN.-Eastern, quiet demand, light.
Selling S1.50; chopped, $1.60.
Of trade in the east, the following is
said in the latest adyices to hand from
&. G. Dun & Co.: 1.-The markets show
the influence of two powerful opposing
forces. A great expansion of currency,
with ease following stringency in
money markets of chiet cities, tends to
lift prices and revive speculation. But
a shrinkage in demand for many pro-
ducts, the nat ural result of partial fail
ure of crops, makes distribution less &C
tive and collections less prompt than
many expected, while losses in past
speculations, and the beginning of re-
action in real estate, makes the pros
pect less favorable IN some sections.
The improvement in prices, for
which men looked in vain week ago,
has appeared in several markets. Wheat
has risen IN cents, speculation growing
active at Chicago again. Corn has ad-
Yanced about l cent, though hogs and
pork products have slightly declined.
Cotton is a shade higher, with large
speculative purchases based on reports
Of damaging frosts. Oil has risen
cents; sugar is made strong by the for
nation of a trust to control refining;
wool is more firm, though not higher;
ftne leather market is better, and prices
of cattle are shade higher. Cotton is
an "A lower.
Looking to leading branches of trade
and industry, outside of speculative
markets, We find signs OF decreasing
consumption.
The grocery trade shows the effects
of q shrinking demand in several
branches, and the outlook is not re-
garded as entirely satisfactory. Butter
Is weak and unsettled; coffee hesitates
in part because distribution has not yet
met expectations; spices are dull for
the same reason, and tea is weakened
by accumulation of stocks. The boot
and shoe trade is satisfactory: good
buying and good paying are noted. The
northwestern lumber business is made
more sctive by reduction of rail rates,
and the -four movement at Minneapolis
Interior towns generally report slow
collections, though improvement is
noted at st. Paul, New Orleans and a
few other points. Money is still tight,
or decidedly close, at many western
cities, and closer than before at Chi
cago, with continuing movement to the
country. While trade is generally re-
ported large in volume, and exchanges
continue larger than last year, the slow
ness of collections indicates less salts
factory distribution than was antici-
pated.
The business failures occurring
throughout the country during the last
seven DAYS, as reported to B. G. Dun &
Co., the Mercantile Agency, by tele
graph, number, for the United States,
I72: aud for Canada, 20, or total of 201
failures, as compared with total Of 202